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← King's Church Amersham

2025-03-31-accounts

Company Registration Number: 07161926 Charity Registration Number: 1136061

KING’S CHURCH AMERSHAM COMPANY LIMITED BY GUARANTEE

ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] MARCH 2025

CONTENTS PAGE
Directors’ and Trustees’ Annual Report 1
Independent Auditors’ report to the Members 7
Statement of financial activities 11
(including an income & expenditure account)
Balance sheet 12
Cash Flow 13
Notes to the financial statements 14

Page 1

KING’S CHURCH AMERSHAM

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT)

FOR THE YEAR ENDED 31[ST] MARCH 2025

The Trustees present their Annual Report together with the audited accounts of the charity and the group for the year ended 31st March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's Memorandum and Articles of Association, the Companies Act 2006, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

REFERENCES AND ADMINISTRATIVE DETAILS

Registered charity name King’s Church Amersham
Charity registration number 1136061
Company registration number 07161926
Principal office Raans Road, Amersham, Bucks, HP6 6LX
Registered office Raans Road, Amersham, Bucks, HP6 6LX
Website https://www.kca.church
Company Bankers Handelsbanken, Tudor House, 651 London Road,
High Wycombe HP11 1EZ
Company Lawyers Stone King, 16 St John’s Lane, London EC1M 4BS
Company Secretary Julian Dagnall
Senior Statutory Auditor Moganarden Chelvanaigum
Auditor SKS Audit LLP
3 Sheen Road
Richmond upon Thames
London, TW9 IAD

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity is constituted as a company limited by guarantee whose governing document is its articles of association. Its activities are managed by the body of church Elders (who are also the members of the Company), and by the Board of Trustees, who are currently eight in number. The 8 Trustee positions are currently occupied by 5 non-Elders (from whom the Chairman must be appointed), who are all members of King's Church Amersham, and 3 Elders, who may at no time be in the majority.

The power to appoint and re-appoint Trustees and Elders lies with the Elders, who are the members of the company, and who guarantee to contribute £1 in the event of a winding-up. Trustees are established church members who are appointed on the basis of character and expertise, and receive no further formal training. On appointment they are fully familiarised with the existing articles, policies, governance procedures and financial situation of the company. Trustees receive an induction on appointment and ongoing briefings on financial, legal and safeguarding matters

Page 2

KING’S CHURCH AMERSHAM

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (continued)

FOR THE YEAR ENDED 31[ST] MARCH 2025

THE TRUSTEES

The Trustees who served the company during the year were as follows:

Simon Harding Chair and Member of the Congregation Paul Thomas Elder and Pastor Julian Dagnall Elder, Pastor and Company Secretary Kathy Nussbaum Elder Simon Rose Member of the Congregation David Patterson Member of the Congregation Callie Tomlins Member of the Congregation Alistair Youngman Member of the Congregation

The Trustees met four times during the course of the year to oversee the financial and legal matters relating to the Company. The Trustees serve for a period of 3 years and retire by rotation each year at the AGM. Trustees may be reappointed for a further 3 year period. At the AGM held on 15 December 2024, Simon Rose and David Patterson resigned. David Patterson was re-elected for a further 3 year period. Simon Rose was re-elected on the understanding he would resign upon the completion of a particular project.

The Trustees delegate the day to day management of the company’s activities, i.e. the operation of King’s Church Amersham as a functioning church, as explained below, to the Pastors and to the body of church Elders.

The Pastors are remunerated employees of the company, but none of the Trustees has any beneficial interest in the company.

THE ELDERS

The Elders who served during the year were:

Paul Thomas Pastor Julian Dagnall Pastor (part time) Ian Lamb Kathy Nussbaum Timothy Patterson Neil Suggett Katrina Williamson

There is no fixed term appointment for the position of Elder but the composition of the Elders is reviewed annually.

In addition to the Elders and Trustees, during the year, the charity operated with 4 full time employees and 8 part-time employees.

There are no connected charities as defined by the SORP.

Page 3

KING’S CHURCH AMERSHAM

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (continued)

FOR THE YEAR ENDED 31[ST] MARCH 2025

AIMS AND PURPOSES OF KING’S CHURCH AMERSHAM

King's Church Amersham is a local Christian Church based in Amersham, Bucks with a congregation of around 1,000 people. It meets on a Sunday morning and at various other times during the week to learn about the Christian faith and encourage one another to live lives in conformity with the teaching of Jesus. As an expression of the people's faith, the Church operates a number of Community projects, supplementing the programmes and events specifically designed for Church members. King's Church Amersham seeks to have a positive spiritual and social impact on the town of Amersham and the surrounding areas by encouraging people in their faith and enabling them to demonstrate this faith in practical ways, including helping to serve those in most need in the wider local community.

All spiritual matters relating to the Church are overseen by a group of Elders, who also are the members of the Company, and include at least one full-time Pastor. The financial and legal matters are overseen by a group of Trustees, whose job it is to ensure the Church is run on a sound financial basis and in conformity with all laws.

Public Benefit statement

The trustees have had regard to the Charity Commission’s guidance on public benefit. The charity advances the Christian faith through public worship, teaching and community activities that are open to all. The trustees believe these activities provide a clear public benefit to the local community.

Church Activities for Church Members

The Church runs the following groups and activities for Church members and the wider community:

Church Activities for the Community

The Church runs the following meetings and programmes for the local Community:

Oasis

Oasis is a Mother/Carer and Toddler group that meets two times a week and is attended by approximately 60 Mothers/Carers and 70 Toddlers.

CAP (Christians Against Poverty)

Working in conjunction with CAP UK, the Church provides a befriending and advisory service for local people with serious debt problems.

The Furniture Project

The Furniture Project provides good quality second hand furniture free of charge to members of the local community in need. It provided furniture to over 50 people and families during the year.

King's Church Amersham Football Club (KCAFC)

Working in conjunction with a wide range of members of the local community, a number of Church Members sit on the KCAFC Club Committee. The Club, founded by KCA members in 1999 exists to provide football training and organised matches, participating in the Chiltern Church Junior League. In the 2024/25 season

Page 4

KING’S CHURCH AMERSHAM

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (continued)

FOR THE YEAR ENDED 31[ST] MARCH 2025

the Club has had over 300 members across 20 squads, for children aged 5 to 16.

Alpha Courses

The Church organises a study course for those people interested in finding out more about the Christian faith.

Special Events

The Church organises a number of special events to reach out into the community.

Home Starter Packs

The church offers a new home starter pack for people being moved into sheltered housing with no money available for general household items.

Make Lunch

The Church continued with this initiative that provides hot meals for children and their carers during the school holidays for children who receive free school dinners.

Bereavement Support

The Church offers bereavement support and holds an annual service for the bereaved to remember loved ones who have died.

Achievements and Performance, Financial Review

The Church meets in a purpose-built facility that was completed in November 2013 funded by the sale proceeds of the former Baptist Chapel, congregation giving and bank loans amounting to £830,000 from Handelsbanken. The loan repaid at the beginning of May 2024. Under normal circumstances, the Church meets in this facility which has continued to attract a growing number of people to its Sunday Services and other activities. Its YouTube services have attracted an even wider audience.

The Church has been approached by its neighbour, The Polish Ex-Combatants’ Association Ltd, with a view to it purchasing the adjoining property. At present negotiations are on-going, but a 3 month exclusivity agreement has been signed towards the end of July 2025 giving the Church the option to purchase the property for £1.1 million. Handelsbanken have agreed in principle a £1.1 million loan to facilitate the purchase. On 22 November 2024, the Church established a charitable trading company KCA Ventures Ltd (16096250) for the purpose of handling the economic activities to be run from this facility. At 31 March 2025 KCA Ventures Ltd had undertaken no economic activity.

Income and Expenditure

During the year the Group had a surplus of £20,951. Its total revenue was £902,644; of this £767,486 resulted from regular giving to the work of the Church, £34,684 was donated towards specific projects and activities, £45,228 was raised from hiring the building, £54,044 from commercial trading operations and £1,202 from investment activities. Expenditure amounted to £881,963; of this £808,914 was in respect of church activities (including the non-cash depreciation cost of £95,354), £60,596 on commercial activities and £12,183 on fees.

Balance Sheet

During the year the group’s cash reserves increased from £108,503 to £118,550. The Trustees are confident of their ability to manage the financial position in the medium term although they anticipate there may be significant monthly fluctuations.

Page 5

KING’S CHURCH AMERSHAM

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (continued)

FOR THE YEAR ENDED 31[ST] MARCH 2025

Reserves Policy

The Trustees review the Reserves policy of the company and the group each year. On behalf of the Trustees, the honorary treasury monitors income and cash levels on a regularly basis and keeps the Trustees informed of significant movements. In the year under review normal monthly donations were received from over 150 giving units each month averaging in excess of £42,500 per month. This was income was boosted by special gift days and Gift Aid. The monthly average of non-restricted income from donations, Gift Aid and other sources was around £59,900. To avoid building unnecessary cash reserves and to promote the work of the Charity as fully as possible, the group’s policy is that net current assets less restricted reserves should be a minimum of £60,000 and that the amount of cash held in its bank accounts should be a minimum of £80,000 (Around a month’s expense in reserve). At 31 March 2025 the group has free reserves of £146,523 and the cash held at bank was £118,550. Given the regularity of donations and the diversity of the sources of donations with no particular reliance on any one source, the Trustees are satisfied that the working capital position is in line with their policy of building free resources sufficient to fund ongoing unrestricted expenditure.

Building Ownership

The Church Building is jointly owned by King's Church Amersham and Old Town Baptist Chapel Trust Amersham and their respective ownership percentages are governed by a Declaration of Trust signed by both parties on 9[th] September 2012. On September 29th 2015, with all the capital costs for the new Church building expended and quantifiable, the Trustees of KCA Ltd and the Trustees of the OTBCTA agreed that the respective ownership percentages of the Church building are:

King's Church Amersham 80.78% (based on a capital contribution of £3,911,145) OTBCTA 19.22% (based on a capital contribution of £751,626)

Risk Management

During the year, the Trustees regularly reviewed the principal financial and operational risks facing the Charity and the Group and have established systems and procedures to mitigate those risks. The key risks identified include fluctuations in voluntary income, increases in staffing and operating costs, safeguarding and health and safety compliance, cyber security and fraud risk, and risks associated with significant capital commitments.

These risks are managed through regular budget and cash flow monitoring, reserves planning, robust internal and financial controls, safeguarding policies and appropriate insurance cover. The Trustees, together with the Elders, have agreed a three-year budget plan and maintain contingency plans to support financial resilience. The Trustees consider that appropriate controls and mitigation measures are in place to manage the identified risks and enable the Charity and the Group to continue operating on a sound financial footing.

Outlook for 2025/26

The Elders and Trustees are encouraged by the way the Church’s income has increased and are expectant that this trend will continue in the future. The Church continues to seek to increase the number of ways it engages with the Community and works with some of the neediest people in the locality. The Church continues to seek out opportunities and imaginative ways to develop its social action projects in the areas of food poverty, debt counselling, furniture distribution, holiday lunch clubs and visiting vulnerable elderly members of the community. For the foreseeable future online activities (including broadcast services and Alpha) will continue to be an integral part of the activities.

Pag8 6 KING'S CHURCH AMERSHAM TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (contFnued) FOR THE YEAR ENDED 31ST MARCH 2025 RESPONSIBILITIES OF THE TRUSTEES The Trustees (who are also the directors of Kings Church Amersham for the purposes of company law) are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (Unrted Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees lo prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charrtable company and the group and of the incoming reSoUr￿S and application of resources. including the income and expenditure, of the charrtable company and the group for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently., obsenie the methods and principles in the Charrties SORP.. make judgements and estimates that are reasonable and prudent.. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concem basis unless it is Inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charitable company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. STATEMENT OF DISCLOSURE TO AUDITOR In so far as the Trustees are aware" there is no relevant audit information of which the charrtable company's auditor is unaware,. and the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audrt information and to establish that the auditor Is aware of that information. The report of the directors has been prepared taking advantage of the small companies, exemption of section 415A of the Companies Act 2006. Signed on behalf of the Trustees Simon arding Chairman of the Board of Trustees Date.. 11

Page 7

KING’S CHURCH AMERSHAM

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF KING’S CHURCH AMERSHAM

Opinion

We have audited the financial statements of Kings Church Amersham (the 'parent charitable company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the Group Statement of Financial Activities, and the Group and the Parent Charitable Company Balance Sheet, the Group and the Parent Charitable Company Cash Flow and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity and the group’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the Trustees’ annual report, other than the financial statements and our auditor’s report thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Page 8

KING’S CHURCH AMERSHAM

INDEPENDENT AUDITORS’ REPORT (CONTINUED)

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the Trustees’ responsibilities statement, the Trustees (who are also the directors of the group and charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the group’s and parent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Page 9

KING’S CHURCH AMERSHAM

INDEPENDENT AUDITORS’ REPORT (CONTINUED)

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

We gained an understanding of the legal and regulatory framework applicable to the company and the group and the industry in which it operates, and considered the risk of acts by the company and the group that were contrary to applicable laws and regulations, including fraud. We discussed with the trustees the policies and procedures in place regarding compliance with laws and regulations. We discussed amongst the audit team the identified laws and regulations, and remained alert to any indications of non-compliance.

During the audit we focussed on laws and regulations which could reasonably be expected to give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006, UK tax legislation, Charity Act 2011, SORP 2019. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management.

Our procedures in relation to fraud included but were not limited to: inquires of management whether they have any knowledge of any actual, suspected or alleged fraud, and discussions amongst the audit team regarding risk of fraud such as opportunities for fraudulent manipulation of financial statements. We determined that the principal risks related to posting manual journal entries to manipulate financial performance and management bias through judgements in accounting estimates. We also addressed the risk of management override of internal controls, including testing journals and appropriateness of other entries in the nominal ledger; reviewing transactions around the end of the reporting period; and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of noncompliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Page 10 KING'S CHURCH AMERSHAM INDEPENDENT AUDrroRS' REPORT (coKllNUED) Use of our rnport This report is made solely to the group's and charitable company's members, as a body. in accordance vAth Chapter 3 of Part 16 of the Companies Act 2006. Our audil work has been undertaken so that we might state to the charitable company's Trustees those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's Trustees as a body for our audit work, for this report, or for the opinions we have formed. Mr Moganarden Chelvanaigum Senior Statutory Auditor For and on behalf of SKS Audit LLP Chartered Accountants & Business Advisors 3 Sheen Road Richmond upon Thames TW9 IAD SKS Audit LLP is aligible to act as an auditor in tem7s of section 1212 of the Companies Act 21Tr)6.

Page 11

KING’S CHURCH AMERSHAM

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (including consolidated income & expenditure account)

FOR THE YEAR ENDED 31[ST] MARCH 2025

Unrestricted
funds
2025
Notes
£
Income
Donations and gifts
2
719,286
Income from charitable activies
Towards church activities
34,684
Income from other trading
activities
Hire of facilities
45,228
Commercial trading activities
54,044
Investment income - interest
1,202
Total income
854,444
Expenditure
Church activities
3
766,395
Commercial activities
60,596
Governance cost
5
12,183
Total expenditure
839,174
Net Income
15,270
Net movement in funds
15,270
Fund balances at 1 April 2024
14
2,320,378
Loan repayment
31,262
Fund balances at 31 March 2025
14
2,366,910		 Unrestricted
funds
2025
Notes
£
Income
Donations and gifts
2
719,286
Income from charitable activies
Towards church activities
34,684
Income from other trading
activities
Hire of facilities
45,228
Commercial trading activities
54,044
Investment income - interest
1,202
Total income
854,444
Expenditure
Church activities
3
766,395
Commercial activities
60,596
Governance cost
5
12,183
Total expenditure
839,174
Net Income
15,270
Net movement in funds
15,270
Fund balances at 1 April 2024
14
2,320,378
Loan repayment
31,262
Fund balances at 31 March 2025
14
2,366,910		 Restricted
funds
2025

£
48,200
-
-
-
-
Endowment
funds
2025

£
-

-

-

-

-		 Total Group
Total Group
2025
2024

£
£

767,486
814,198

34,684
44,827

45,228
34,276

54,044
51,141

1,202
1,143

902,644
945,585

808,914
739,717
60,596
53,639

12,183
10,334

881,693
803,690

20,951
141,895

20,951
141,895
3,107,334
2,965,439

-
-
3,128,285
3,107,334
854,444 48,200 -
766,395
60,596
12,183		 42,519
-		 -

-
839,174 42,519 -
15,270 5,681 -
15,270
2,320,378
31,262		 5,681
35,330
(31,262)		 -
751,626
-
2,366,910 9,749 751,626

The statement of financial activities includes all gains and losses recognised in the year. All of the activities of the charity are classed as continuing.

The notes on pages 14 to 24 form part of these financial statements.

Page 12 KING'S CHURCH AMERSHAM CONSOLIDATED AND CHARITY BALANCE SHEETS AS AT 31ST MARCH 2025 Group Charty 2025 2024 2025 2024 Not08 Flxed Assets Tangible Assets In￿S{￿Ents 2,972,013 3,024,323 2.972,004 3,022,997 2,972,013 3,024, 323 2,972,006 3.022,998 Current as8et8 Stcck Debtors Cash at bank and In hand 1,210 46.843 108,503 82.770 118,550 202,$80 84,881 116,329 201,210 48.709 105,969 154,678 Crodltors.. amount8 falllng due within ono year 10 (46,308) 173,545} (46.050) (72,777) Not current a888t8 156.272 83.011 155,160 81,901 Total a8set81088 current Ilabi1tt108 3,128.285 3,107.334 3,127,166 3,104,899 Not 088et8 14 3,128,285 3,107,334 3,127,166 3,104.899 Income funds R88tricted funds 11 9,749 35.330 9,749 35,330 Unrestricbj funds 13 2,366,910 2,320.378 2.365,791 2,317,943 Endovfftnt Funds 12 751,626 751,626 751,626 751,626 Total church funds 3,128,285 3,107,334 3,127,166 3.104,899 The Trustees ha prepared financial stateffents in accordance Nith Secbon 398 of the Corypanies Act 20C6 and Secb'on 138 of the Charitses Act 2011. These financial statefrents are prepared in accordance vAth the special proM&ons of Part 15 of ihe Corrpanies Act relatsng to srroll conpanies and conststute the annual financial ststerrents required by the C(xrpanies Act 20[￿ and are for circukbon to fferTi)ers of the ctyrpany The accounts ￿ere appro￿ by the Trustees on 2510112026 Tvil n Harding Trustoe Julian D Trustee

Page 13

KING’S CHURCH AMERSHAM

CONSOLIDATED AND CHARITY CASHFLOWS

FOR THE YEAR ENDED 31[ST] MARCH 2025

Cash flows from operating activities
Net cash provided by/(used in)
operating activities
Cash flow from investing activities
Investment income - interest
Purchase of fixed assets
Bank Loan repayments
Net cash used in investing activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at 1 April
Cash and cash equivalents at 31 March		 Note
17		 Group
Charity
2025
2024
2025
2024

£
£
£
£
87,164
325,675
87,206
326,464
1,202
1,143
1,474
1,210
(43,044)
(14,306)
(43,045)
(14,306)
(35,275)
(288,005)
(35,275)
(288,005)
(77,117)
(301,168)
(76,846)
(301,101)
10,047
24,507
10,360
25,363
108,503
83,996
105,969
80,606
118,550
108,503
116,329
105,969		 Group
Charity
2025
2024
2025
2024

£
£
£
£
87,164
325,675
87,206
326,464
1,202
1,143
1,474
1,210
(43,044)
(14,306)
(43,045)
(14,306)
(35,275)
(288,005)
(35,275)
(288,005)
(77,117)
(301,168)
(76,846)
(301,101)
10,047
24,507
10,360
25,363
108,503
83,996
105,969
80,606
118,550
108,503
116,329
105,969
(77,117)
10,047
108,503
118,550
Analysis of change in net debt
Group
Net Cash
Cash at bank and in hand
Debts
Debts falling due within one year
Charity
Net Cash
Cash at bank and in hand
Debts
Debts falling due within one year		 At 1 April 2024
108,503
108,503
35,275
35,275
At 1 April 2024
105,969
105,969
35,275
35,275		 Cashflow
At 31 March 2025
10,047
118,550
10,047
118,550
(35,275)
-
(35,275)
-
Cashflow
At 31 March 2025
10,360
116,329
10,360
116,329
(35,275)
-
(35,275)
-

Page 14

KING’S CHURCH AMERSHAM

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] MARCH 2025

1. Accounting Policies

1.1 Basis of preparation

The financial statements have been prepared in accordance with applicable United Kingdom accounting standards, the Charities Act 2011, the Statement of Recommended Practice applicable to charities preparing the accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS 102) (Charities SORP FRS 102) (as updated for periods commencing on 1 January 2019) and the Companies Act 2006.

The Charity meets the definition of a public benefit entity under FRS 102.

The financial statements are presented in sterling which is the functional currency of the charitable company and rounded to the nearest pound.

The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant accounting policy note(s) to these accounts.

1.2 Basis of consolidation

These financial statements consolidate the results of the charity and its wholly-owned subsidiaries, KCA Roast Ltd (registered in England and Wales under number 09216215) and KCA Ventures Ltd (registered in England and Wales under number 16096250) on a line by line basis. A separate Statement of Financial Activities, or Income and Expenditure account for the Charity itself is not presented because the Charity has taken advantage of the exemptions afforded by section 408 of the Companies Act 2006 and paragraph 24 of Charities SORP FRS102. The surplus shown in the charity only SOFA was £22,267 (2024: £143,350).

1.3 Going concern

The consolidated statement of financial activities shows a net surplus of £20,951 for the year (2024: net Surplus of £141,895). The management are of the view that these results have secured the immediate future of the Group for at least 12 months from the date of approval of the financial statements and on this basis the Group is a going concern.

The Trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. Trustees will continue to monitor and ensure spending to be done in line with income in order to maintain target level of reserves. The review of cashflow for 12 months from the date of approval of the financial statements, the associated assumptions that underpin it, secured income and the steps that could be taken to reduce expenditure should this be necessary. We reviewed the reserve policy and available free reserves as well as modelled scenarios for actual and budgeted results to understand the impact of various income and expenditure.

For the purposes of short- and medium-term financial management, the Trustees are closely monitoring the management of working capital and the working capital position is in line with their policy of building free resources sufficient to fund ongoing unrestricted expenditure.

Based on the information above the Trustees have a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future and will remain profitable in future periods.

Therefore, the trustees have adopted the going concern basis in preparing these accounts.

Page 15

KING’S CHURCH AMERSHAM

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] MARCH 2025

1.4 Income

Income represents funds receivable for the support of the Charity’s objectives and activities. Income is recognised when the Charity is entitled to the income, receipt is probable and the amount can be measured reliably. Donations are recognised when receipt is more likely than not. Gift Aid recoverable is recognised on an accruals basis. Legacies are recognised when the Charity is notified of entitlement, receipt is probable and the amount can be measured reliably.

Income from charitable activities, including hall hire, is recognised in the period in which the service is provided and the income is receivable.

Income with related expenditure conditions is deferred until those conditions are met.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure on charitable activities include expenditure associated with the main objectives of the Charity and include both direct costs and their associated support costs. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Grants and donations are accounted for when paid over, or when awarded, it that award creates a bindings obligation on the Church.

1.6 Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Freehold Buildings 50 years. Church equipment Between 1 and 10 years

Individual items of furniture or equipment are capitalised where the benefit of the expenditure will extend for a minimum of three accounting periods.

1.7 Investment in Subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment and reviewed annually for impairment or when indicators arise. The results of subsidiary undertakings are consolidated on a line-by-line basis in the Group financial statements.

1.8 Stocks

Stocks are valued at the lower of cost and net realisable value.

1.9 Pensions

The charity operates a defined contribution scheme (nest pension) for the benefit of its employees. Contribution’s payables are charged to the statement of financial activity in the period they are payable.

1.10 Taxation

The Church is an exempt charity within the meaning of schedule 3 of the Charities Act 201 1 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. It is entitled to claim from H M Revenue & Customs the tax associated with income received under gift aid.

Page 16

KING’S CHURCH AMERSHAM

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] MARCH 2025

1.11 Fund accounting

The funds held by the charity are:

1.12 Connected charities

The church is closely linked with the Amersham Old Town Christian (Baptists) Fellowship Trust but no grants were made to or from this Trust during the year.

1.13 Debtors

Trade and sundry debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.14 Creditors and Provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

1.15 Cash at Bank and in hand

Cash at bank and in hand includes cash and short-term cash deposits.

1.16 Financial Instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.17 Judgement and Key Sources of Estimation Uncertainty

In the application of the company's accounting policies, the charity is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates.

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

(i) Useful economic lives of tangible assets

The annual depreciation charge for tangible assets are sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Page 17

KING’S CHURCH AMERSHAM

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] MARCH 2025

2. Donations and gifts


Regular giving
Gift aid on regular giving
Gift days
Gift aid on gift days
Gift aid on community projects
Gifts for Open Doors
Gifts for other charities
Legacies
Community projects		 Unrestricted
funds
2025
£
514,582
102,979
85,397
16,328
-
-
-
-
-
719,286		 Restricted
funds
2025
£
-
-
6,600
425
37,781
3,251
143
-
-
48,200		 Endowment
funds
2025
£
-
-
-
-
-
-
-
-
-
-		 Total
Total
2025
2024
£
£
514,582
424,910
102,979
85,942
91,997
227,941
16,753
42,308
37,781
31,299
3,251
2,592
143
200
-
47
-
(1,041)
767,486
814,198

3. Church Activities

Grants payable - see note 4
Church Ministry - see note below
Church activities - direct
Administration:
Church administration
Church maintenance/operating costs		 Staff costs
(note 6)
2025
£
-
280,291
-
12,962
93,696
386,949		 Depreciation
2025
£
-
-
-
95,354
-
**95,354 **		 Other costs
2025

£
24,328
25,201
137,037
79,152
60,893
326,611		 Total
Total
2025
2024
£
£
24,328
20,153
305,492
260,061
137,037
109,163
187,468
203,659
154,589
146,681
808,914
739,717

Church Ministry include the cost of Pastors, Youth and Children workers' salaries, pensions and expenses and the cost of visiting speakers. The cost of other employees is included in Administration.

The amount of Church activities - direct of £137,037 (2024: £109,163) includes £32,432 (2024: £34,126) from restricted funds provided specifically for the purposes for which the funds were used.

The amount of Church administration of £148,698 (2024: £146,681) includes nil (2024: £1,512) from restricted funds relating to early loan repayment charges.

Page 18

KING’S CHURCH AMERSHAM

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] MARCH 2025

4. Grants Payable

4.
Grants Payable
Grants to institutions: Unrestricted
funds
2025
£		 Restricted
funds
2025
£		 Total
2025
£		 Unrestricted
funds
2024
£		 Restricted
funds
Total
2024
2024
£
£
King's Church Ghana
Gram Seed Ministries
Nagum Community Kenya
Restore Hope Latimer
Mathletes Trust
Open Doors
Edge Ministries
London City Mission		 11,966
-
1,000
-
-
455
800
-		 -
-
-
-
-
-
200		 11,966
-
1,000
-
-
455
800
200		 10,000
1,000
-
500
500
487
-
-		 -
10,000
-
1,000
-
-
-
500
-
500
200
687
-
-
-
-
Every Life - - - 126 -
126
Other
Grants to individuals (12 grants)		 20
14,241
-		 -
200
9,887		 20
14,441
9,887		 -
12,613
3,500		 235
235
435
13,048
3,605
7,105
14,241 10,087 24,328 16,113 4,040
20,153

5. Governance cost

Audit fees
Payroll fees - (Dickensons)
Consultant fees		 2025
2024
£
£
6,740
5,640
1,800
3,047
3,643
1,647
12,183
10,334

None of the fees paid during the year were paid from restricted funds.

6. Employees and Trustees

Employee costs during the year (including key management):
Wages and salaries
Social security costs
Other pension costs
Average monthly number of persons employed:
Continuing Operations		 2025
2024
£
£
343,376
287,501
24,344
18,794
19,229
15,803
386,949
322,098
Number
Number
15
14

One employee, received employee benefits of more than £60,000 (2024: 1) which lies in between the band of £70,000 to £79,999.

Page 19

KING’S CHURCH AMERSHAM

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] MARCH 2025

Key management compensation:

Trustees's emoluments (including employer NI and pension)
Trustees expenses
Other salaries and short-term employee benefits
Post employment benefits		 2025
2024
£
£
123,083
104,022
3,397
2,768
47,429
43,745
2,846
2,625
176,755
153,160

Key management personnel comprise the Trustees and senior pastoral staff. Trustees' emoluments relate to two Trustees who are employed as Pastors of the Church; Paul Thomas (the highest paid employee) and Julian Dagnall. The other Trustees did not receive any emoluments in respect of services to the company (2024: £nil). In addition, Paul Thomas was reimbursed expenses amounting to £400 (2024: £892) and Julian Dagnall £2,997 (2024: £1,876). No other Trustee received expenses.

During the year Trustees’ donations to the Church amounted to £32,691 (2024: £86,761); none of which were made with any special conditions attached.

7. Tangible fixed assets


Cost
At 1 April 2024
Additions
Disposals
At 31 March 2025
Depreciation
At 1 April 2024
Charge for year
Disposals
At 31 March 2025
Net book value:
At 31 March 2025
At 31 March 2024		 Freehold
Land &
Buildings
£
3,744,641
-
-
3,744,641
765,675
74,893
-
840,568
2,904,073
2,978,966		 Church
equipment
£
301,276
43,044
(48,211)
296,109
257,245
19,144
(48,211)
228,178
67,931
44,031		 Coffee
Total
shop
£
£
11,036
4,056,953
-
43,044
-
(48,211)
11,036
4,051,786
9,710
1,032,630
1,317
95,354
-
(48,211)
11,027
1,079,773
9
2,972,013
1,326
3,024,323

The Charity owns all the above assets except the coffee shop assets which are owned by KCA Roast Ltd.

Page 20

KING’S CHURCH AMERSHAM

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] MARCH 2025

8. Investments

KCA Roast Limited (registered number: 09216215) is a fully owned subsidiary that operates a coffee shop on the Church premises operating under the name of King’s Roast. The charity has loaned funds to KCA Roast Limited to enable it to purchase the fixed assets required and to provide it with working capital to operate. The income and expenditure of KCA Roast to 31 March 2025 and 31 March 2024 are included in the accounts of the company.

At 31 March 2025 its total assets were £6,533 (2024: £6,276), its liabilities were £5,422 (2024: £5,166) and its reserves were £1,119 (2024: £2,435). In the year ended 31 March 2025 its turnover was £63,961 (2024: £56,181), its total expenditure amounted to £60,596 (2024: £53,639) and it made a profit of £3,093 (2024: £2,475). Out of its retained earnings, it has made a distribution of £4,409 (2024: £3,930) to its parent charity under gift aid.

The address of KCA Roast Limited is the same as King’s Church Amersham, which can be found on page 1 of these financial statements. KCA Roast Limited was exempt from the requirements of the Companies Act 2016 relating to the audit of its individual accounts by virtue of section 479A.

On 22 November 2024, the Church established a new fully owned charitable trading company KCA Ventures Ltd (registered number 16096250). The company did not trade during the year.

9. Debtors

Income tax recoverable
Debtors due greater than 12 months
Trade Debtors
Other debtors		 Group
2025
£
40,893
3,300
3,050
35,527
82,770

2024
£
27,587
3,900
2,529
12,827
46,843		 Charity
2025
2024
£
£
40,893
27,587
3,300
3,900
-
-
40,688
17,222
84,881
48,709
10. Creditors: amounts falling due within one year

Taxes & social security costs
Handelsbanken loan
Accruals and deferred income
2025
£
7,677
-
38,631
46,308		 2024
£
6,982
35,275
31,288
73,545		 2025
2024
£
£
7,677
6,982
-
35,275
38,373
30,520
46,050
72,777

A first legal charge remains registered over the charity’s land and buildings at Kings Church, Raans Road, Amersham, Buckinghamshire, HP6 6LX. The related loan has been fully repaid and no amounts were outstanding at the year end.

Page 21

KING’S CHURCH AMERSHAM

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] MARCH 2025

11. Restricted Funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Specific donations
Specific donations		 Balance at
1 April 2024
£
35,330
35,330
Balance at
1 April 2023
£
15,121
15,121		 Incoming
Resources
£
48,200
48,200
Incoming
Resources
£
287,887
287,887		 Resources
Expended
£
(42,519)
(42,519)
Resources
Expended
£
(39,678)
(39,678)		 Outgoing
Balance at
Transfers
31 March 2025
£
£
(31,262)
9,749
(31,262)
9,749
Outgoing
Balance at
Transfers
31 March 2024
£
£
(228,000)
35,330
(228,000)
35,330

Specific Donations

Donations have been received for specific other purposes and these funds have been kept separate. They will be paid out in accordance with the purposes for which they were given. In certain instances they were paid out as grants and such items are included in the analysis of grants in note 3.

12. Unrestricted Funds

The vast majority of the income of the charity is from gifts and donations which are to support the overall work of the charity without any restrictions as to their use:

Group

Group
General donations and gifts
General donations and gifts		 Balance at
1 April 2024
£
2,320,378
2,320,378
Balance at
1 April 2023
£
2,198,692
2,198,692		 Incoming
Resources
£
854,444		 Resources
Expended
£
(839,174)
(839,174)
Resources
Expended
£
(764,012)
(764,012)		 Outgoing
Balance at
Transfers
31 March 2025
£
£
31,262
2,366,910
31,262
2,366,910
Outgoing
Balance at
Transfers
31 March 2024
£
£
228,000
2,320,378
228,000
2,320,378
854,444
Incoming
Resources
£
657,698
657,698

Page 22

KING’S CHURCH AMERSHAM

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Charity
General donations and gifts
General donations and gifts		 Balance at
1 April 2024
£
2,317,943
2,317,943
Balance at
1 April 2023
£
2,194,802
2,194,802		 Incoming
Resources
£
805,081
805,081
Incoming
Resources
£
610,554
610,554		 Resources
Expended
£
(788,495)
(788,495)
Resources
Expended
£
(715,413)
(715,413)		 Outgoing
Balance at
Transfers
31 March 2025
£
£
31,262
2,365,791
31,262
2,365,791
Outgoing
Balance at
Transfers
31 March 2024
£
£
228,000
2,317,943
228,000
2,317,943

13. Endowment Funds

The Old Town Baptist Chapel Trust Amersham (OTBCTA), formerly 1824 Trust, was established in 1824 and since that date owned one principal asset in the form of the Baptist Chapel in Old Amersham. Following agreement with the Charity Commission, in November 2012, this building was sold to raise funds for the new church building. Under the direction of the Charity Commission, OTBCTA ('the linked charity') should be treated as forming part of the charity called King’s Church Amersham (‘the reporting entity’), so that the Trustees are required to prepare a single set of accounts for the whole entity. OTBCTA received £751,626 from the sale of the Baptist Chapel, which represents the balance of endowment funds held at both 31 March 2025 and 2024.

14. Related Parties

Apart from its close links with the Amersham Old Town Christian (Baptists) Fellowship Trust, the company has no other formal associations with other charities but works closely with several other Christian charities. There are no related party transactions except disclosed in note 6.

15. Analysis of net assets between funds

Group

Group
Fund balances at 31 March 2025 are represented by:
Non-current assets
Current assets
Creditors: amounts falling due within one year
Fund balances at 31 March 2024 are represented by:
Non-current assets
Current assets
Creditors: amounts falling due within one year		 Unrestricted
funds
£
2,220,387
192,831
(46,308)		 Restricted
funds
£
-
9,749
-
9,749
-
35,330
-
35,330		 Endowment
funds
Total
£
£
751,626
2,972,013
-
202,580
-
(46,308)
751,626
3,128,285
751,626
3,024,323
-
156,556
-
(73,545)
751,626
3,107,334
2,366,910
2,272,697
121,226
(73,545)
2,320,378

Page 23

KING’S CHURCH AMERSHAM

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Charity

Charity
Fund balances at 31 March 2025 are represented by:
Non-current assets
Current assets
Creditors: amounts falling due within one year
Fund balances at 31 March 2024 are represented by:
Non-current assets
Current assets
Creditors: amounts falling due within one year		 Unrestricted
funds
£
2,220,380
191,461
(46,050)		 Restricted
funds
£
-
9,749
-
9,749
-
35,330
-
35,330		 Endowment
funds
Total
£
£
751,626
2,972,006
-
201,210
-
(46,050)
751,626
3,127,166
751,626
3,022,998
-
154,678
-
(72,777)
751,626
3,104,899
2,365,791
2,271,372
119,348
(72,777)
2,317,943

16. Reconciliation of surplus to net cash inflow from operating activities

Group Charity
2025
2024		 2025
2024
£
£		 £
£
Net movement in funds 20,951
141,895		 22,267
143,350
Add back depreciation 95,354
96,913
(1,202)
(1,143)
(50)
(345)
(35,927)
82,366		 94,037
95,458
Less investment income (1,474)
(1,210)
Increase in stock -
-
(Increase)/Decrease in debtors (36,172)
83,222
Inc/(Dec) in creditors excl bank loans 8,038
5,989		 8,548
5,644
Net cash used in operating
activities		 87,164
325,675		 87,206
326,464

Page 24

KING’S CHURCH AMERSHAM

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

17. Detail of prior year Statement of Financial Activities

Income
Donations and gifts
Income from charitable activies
Towards church activities
Income from other trading activities
Hire of facilities
Commercial trading activies
Investment income - interest
Total income
Expenditure
Church activities
Commercial activities
Governance costs - Audit & legal fees
Total expenditure
Net Income/(expenditure)
Net movement in funds
Fund balances at 1 April 2023
Loan repayment
Fund balances at 31 March 2024		 Unrestricted
funds
£
526,311
44,827
34,276
51,141
1,143		 Restricted
funds
£
287,887
-
-
-
-
Endowment
funds
Total Group

£
£
-
814,198

-
44,827

-
34,276

-
51,141

-
1,143
-
945,585
-
739,717
53,639

-
10,334
-
803,690
-
141,895
-
141,895
751,626
2,965,439
-
-
751,626
3,107,334
657,698 287,887
700,039
53,639
10,334		 39,678
-
764,012 39,678
(106,314) 248,209
(106,314)
2,198,692
228,000		 248,209
15,121
(228,000)
2,320,378 35,330

The statement of financial activities includes all gains and losses recognised in the year. All of the activities of the charity are classed as continuing.

18. Pension

The pension contributions payable by the Charity amounted to £19,229 (2024 - £15,803). An amount of £2,754 (2024 – £2,203) were due at the year end and included in creditors.

19. Share Capital

The charity is constituted as a company limited by guarantee and does not have a share capital divided by shares.

20. Ultimate Controlling Party

The charity was under the control of Board of Trustees throughout the year.